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ZIP Code · IL

ZIP 61606

Part of Peoria, IL
Pop. 6,684·Peoria County·196th most expensive ZIP in Illinois
Median rent (all units)
$1,251/mo
Year-over-Year
Stable
Month-over-Month
+1.8%
vs US Median
-$714
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 61606 · $1,251
More affordable than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$740
1 BR
$800
2 BR
$1,010
3 BR
$1,310
4 BR+
$1,410
Research median
$1,010/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,012/yr
At $1,251/mo median
Location
CityPeoria
StateIL
CountyPeoria County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.8% MoM), not inventory.
Demographics

Who lives here

ZIP 61606 (Peoria, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 35.8% of residents hold a bachelor's degree or higher.

Population
6,684
Median income
$39,196
Median age
23.4
Renters
57.9%
Age distribution
12.2%
53.5%
17.7%
Under 1812.2%
18–3453.5%
35–5417.7%
55–648.2%
65+8.3%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
67.9%
17.9%
White67.9%
Black17.9%
Hispanic8.4%
Asian3.9%
Other1.8%
Education (25+)
25.4%
30.7%
35.8%
No HS diploma8%
HS diploma25.4%
Some college30.7%
Bachelor's+35.8%
Housing tenure
42.1%
57.9%
Owner42.1%
Renter57.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 61606 in Peoria, IL has changed in 5 years

Income
$45,862 → $39,196
down 14.5%
Population
7,697 → 6,684
down 13.2%
Renter share
55.1% → 57.9%
+2.8 pts
Bachelor's+
37% → 35.8%
-1.2 pts

On the earnings side, the typical household in ZIP 61606 in Peoria, IL now reports about $39,196, up from $45,862 in 2021. The population has contracted by 13.2% since 2021, moving from about 7,697 residents to roughly 6,684. Renters now make up 57.9% of households, compared with 55.1% five years ago.

Community

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Local insights

Tips for renters in ZIP 61606

About renting in ZIP 61606

Last updated: July 20, 2026

ZIP code 61606 covers Peoria, IL. The median rent here is $1,251/mo as of July 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $1,010/mo.

At 38% of local median household income ($39,196/yr), ZIP 61606 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 61606?

As of July 20, 2026, the median monthly rent in ZIP 61606 (Peoria, IL) is $1,251. This is based on aggregated data from public sources and community submissions.

How does ZIP 61606 rent compare to the US average?

ZIP 61606's median rent of $1,251/mo is $714 (36%) below the US national median of $1,965/mo.

How does ZIP 61606 compare to other ZIPs in Illinois?

ZIP 61606 is among the more affordable ZIP codes in Illinois, ranking #196 out of 230 ZIPs at $1,251/mo.

How much income do you need to rent in ZIP 61606?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,251/mo in ZIP 61606. The local median household income is $39,196/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 61606?

Rent in ZIP 61606 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 61606 an affordable place to rent?

ZIP 61606 is considered moderate for renters. At $1,251/mo, rent takes approximately 38% of the local median household income ($39,196/yr). The standard benchmark is 30%. ZIP 61606 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 61606 residents rent vs. own?

According to Census data, approximately 57.9% of ZIP 61606 households are renters, while 42.1% are owner-occupied. With a majority renter population, ZIP 61606 has a strong rental market.

How does ZIP 61606 compare to the rest of Peoria?

ZIP 61606 is pricier than Peoria as a whole. At $1,251/mo, it's $15 above the Peoria citywide median of $1,236/mo.

When was rent data for ZIP 61606 last updated?

Rent data for ZIP 61606 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
38%
MODERATE

At $1,251/mo, rent takes ~38% of ZIP 61606's median household income ($39,196/yr). The standard benchmark is 30%.

ZIP 61606 38%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 61606 (Peoria, IL)

Recent submissions

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